Australia announced plans to impose fines of up to 5% of global revenue on internet platforms that fail to prevent the spread of misinformation. The government aims to establish codes of conduct for tech companies, outlining measures to combat harmful falsehoods. Critics argue that such regulations could infringe upon free speech.
Australia said it will fine internet platforms up to 5 per cent of their global revenue for failing to prevent the spread of misinformation online.
The regulator would set its own standard if a platform failed to do so, then fine companies for non-compliance. Already Facebook owner Meta has said it may block professional news content if it is forced to pay royalties, while X, formerly Twitter, has removed most content moderation since being bought by billionaire Elon Musk in 2022.
Misinformation Internet Platforms Australia Regulation Free Speech
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